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t-rex in: Two Good Ideas

http://www.qwantz.com/index.php?comic=4023
Created
Fri, 17/03/2023 - 18:00
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March 17th, 2023next

March 17th,

Dennis Kucinich and Michael Hudson on the Anatomy of Bank Failures

https://scheerpost.com/2023/03/16/dennis-kucinich-and-michael-hudson-on-the-ana…
Created
Fri, 17/03/2023 - 14:31

This is a wide-ranging discussion about the anatomy of bank failures. Dave Kelley, the moderator, is a pension actuarial expert, headquartered in Ohio. Chairman of the Domestic Policy subcommittee of the Govt Oversight Committee, Kucinich, as a senior member of Congress, investigated the subprime meltdown (see you tube videos), grilling Wall Street titans. Michael Hudson […]

The post Dennis Kucinich and Michael Hudson on the Anatomy of Bank Failures appeared first on scheerpost.com.

Mary Lou McDonald: ‘We’re Building a New Ireland, a True Republic’

https://tribunemag.co.uk/2023/03/mary-lou-mcdonald-sinn-fein-republic-housing-u…
Created
Fri, 17/03/2023 - 12:00

As Europe was ravaged by austerity policies in the past decade, numerous left-wing insurgencies emerged to challenge for government: Syriza in Greece, Podemos in Spain, La France Insoumise and, from 2015 to 2019, the Labour Party under Jeremy Corbyn. Each came from outside the traditional centre-left and learned, to some degree, from the others. They […]

They cannot save themselves

https://digbysblog.net/2023/03/16/they-cannot-save-themselves/
Created
Fri, 17/03/2023 - 09:30
This piece by Zach Carter on the SVB crisis is the best I’ve seen. (Carter published the great biography of John Maynard Keynes last year. If you haven’t read it, it’s excellent.) The most important bank in Silicon Valley failed on Friday, prompting a Sunday night bailout for some of the wealthiest people in the world as the Federal Reserve opened a new emergency lending program hoping to prevent the crisis in California from triggering a nationwide banking collapse. As with any financial crash, it’s impossible to predict where exactly the money will flow next, but it’s clear that the tech sector that reshaped American business and culture in the 21st century is coming apart. The nexus of this breakdown is Silicon Valley Bank, a firm with $209 billion in assets as of December 31, 2022. SVB works hand-in-glove with venture capital firms, tech start-ups, and a lot of very rich people in California, claiming nearly half of all VC-backed tech companies and over 2,500 VCs as its clients.